The allocations for government spending for the year ahead are announced by the Minister in the Budget
This includes current or “day-to-day” spending allocations (on things like Public Service Pay,
social welfare payments and grants to voluntary bodies) as well as capital investment. 'Capital investment' is investment that includes infrastructural development projects which will be managed over several years, such as those in Project Ireland 2040.
The announcements in the Budget are simply one part of an overall budgetary cycle,
which takes place throughout the year. A more detailed breakdown of the allocations in October’s Budget is then presented in the Revised Estimates Volume
(REV) in December.
After the Budget allocations are made, the Department of Public Expenditure and Reform works with the other government departments and offices to help ensure that their expenditure is managed in line with these allocations. Learn more about how expenditure is approved here.